closing your account because you are winning all the time

seti2

Junior member
26 1
any one has experince with binary companies like GFTUK or others ,

by closing their account just because they make profits more than losses

i had bad experience with GFTUK BINARY and recently i start to make profits and suddenly i receive e mail telling me your account closed

and i'm 10000% i did nothing wrong and i had that account with them for years but just i start to make profit on binary .my account closed down

if any one has any comments please mention to me and if any one know company offer fixed time touch and no touch please mention to me which one

thank you
 

forexjudge

Junior member
19 2
I hope you did not choose this broker because you feel you can trust them, probably because they are regulated. I am sure you can't do anything about them. You con report to the regulatory bodies, but if you have lost some money, be sure it is gone for good. Be careful next time.
 

seti2

Junior member
26 1
thanks

thank you for your help

i didn't lose any thing with them luckily but kind of frustration when they closed my

account with no reason
 

peakoil

Well-known member
257 38
Hi seti2, sorry to hear that but thank you for warning people about them (pls see below) nonetheless please excuse me, as I find your post to be very interesting. When you say you "didn't lose anything with them" are you really saying that since allegedly opening an account with GFT, you enjoyed a 100% success rate on binaries? If so, I don't know why others aren't, but I'm certainly intrigued. And I've a few qtns, if you don't mind.

Did you feel that you got lucky one too many times or did you have a system which seemed to work more often than not, on binary mrkts?

Did you take positions on other instruments, (and if so, I trust with less success) or did you solely concentrate on binaries?

I appreciate that you might wish to keep it confidential but any indication as to the sizes you were doing would be most helpful in showing/warning others what they are up against. (PS I'm seeing that you mentioned a 20K win in another thread which if it was on binaries in a very short time, was likely not unnoticed.)

EDIT - Since the OP has briefly 'hinted' at what really happened, I take back any negative feelings towards GFT, as they have IMO acted appropriately under the circumstances, especially as I have since understood them to be
-

I must say too, with absolutely no disrespect, I would even admit this much (and please do accept my reasons why below...) - *IF* you were a regular poster here i.e., *IF* you had more than just a handful of recent posts which weren't only about this issue, and this happened to you, then I'm sure more than just me would never, repeat never even consider opening an account with them in future. After all, it's not been unknown that an unknown someone has lost a fortune on the markets then appears on forums out of the blue ranting and raving about a given firm. Again, I'm not saying this is what really happened to you at all, but you have to realise as we don't know your posting history, it's a shame that a few people will naturally wonder about you when you've appeared out of the blue with such damning information about a certain company. I'm sure, the more I think about it, that if a regular, respected poster had the same to say about any company that it would influence many more here. Anyway it's just human nature to wonder and be naturally a little cautious, so pls don't take it personally.
 
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Giovan

Active member
163 7
What do you expect from a 'casino'? When players start beating the house, a new rule emerges...either way the house never looses....
 
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peakoil

Well-known member
257 38
Actually, Giovan, I do very much, like most, expect integrity and fairness - at least from the leading spread bet providers. The evidence remains, that the 20% of people who are winning regularly with the leading spread bet providers, are not coming to these boards with similar tales of account closure. So, to read the above, that someone had his account closed for winnings like those, if true, is very much the exception rather than the rule. Simon Cawkwell, for example, is known to have accumulated 7 figure profits from financial spread betting without even a whisper of account closure.

Nonetheless, if you are still of the opinion that it's not unusual for persons to have their spread bet account closed for winning too much, especially in recent years, with the leading SB providers, then please do supply evidence of same. Otherwise, their closing an account for alleged 20K winnings only goes to show, if true, that GFT are mere small timers, the minnows of the SB world. Regardless, I continue to find it quite outrageous, and most unusual, that the OP allegedly had his account closed by GFT for anything like that amount, which he's quoted in other posts here.
 
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tar

Legendary member
10,443 1,313
Actually, Giovan, I do very much, like most, expect integrity and fairness - at least from the leading spread bet providers. The evidence remains, that the 20% of people who are winning regularly with the leading spread bet providers, are not coming to these boards with similar tales of account closure. So, to read the above, that someone had his account closed for winnings like those, if true, is very much the exception rather than the rule. Simon Cawkwell, for example, is known to have accumulated 7 figure profits from financial spread betting without even a whisper of account closure.

Nonetheless, if you are still of the opinion that it's not unusual for persons to have their spread bet account closed for winning too much, especially in recent years, with the leading SB providers, then please do supply evidence of same. Otherwise, their closing an account for alleged 20K winnings only goes to show, if true, that GFT are mere small timers, the minnows of the SB world. Regardless, I continue to find it quite outrageous, and most unusual, that the OP allegedly had his account closed by GFT for anything like that amount, which he's quoted in other posts here.

Maybe you should differentiate between SB and binaries , IMO i don't think that will happen if he was SB , anyway binaries aren't regulated by the FCA .
 

peakoil

Well-known member
257 38
@ seti2 thank you for your response. Now I'm all the more intrigued! You are saying that you tried your "system" on a friend's account and it was closed by the afternoon!? Hmmm, now that say's something indeed. Anway, from what you've said I'm sure there are a few people here that are thinking to themselves "hmmm, must be some sort of scalping system he's got going - but surely not a consistent 100% ROI!?" so I'll have a guess now on what you're doing, solely because I'm trying to imagine what kind of system would both give such an allegedly amazing return and annoy the &*&^% out of any marketmaker, that it would so soon give rise to a/c closure... and so I'm guessing that what you do is wait for a binary quote to hit something like 90%+ at a certain time of the day, and then, should that happen as you've planned, you whack on around 5K - and every time you've done this, not only is it obvious who it is because of the M.O., but also you might have been lucky enough each time (mainly because of continuing low volatility in recent months) that you've not had to pick up on any market black swan in the minutes before the given market's end.

BTW, before saying any further, I must with all respect to you, take issue with the "95% lose" statistic (not only because it would be unfair whenever I come across it to keep quiet with some and take it up with others) mainly because the true number who consistently lose is nowhere near as high as 95%, but according to both The Economist (nov 2013) and UK gov backed Money Advice Institute, it is 80%.

Lastly, believe it or not, I'm quite happy with my sb methods, and I'm definitely not looking for someone else's system, so please know that the main reason I asked for more info from you was that I was very intrigued as to how you managed to get your account closed (yet, as you've since revealed it wasn't quite down to divine luck) However, with the extra information you've given, and if I've guessed near enough correctly above, then (being 100% totally honest with you) I would be far less surprised that GFT did as they did. Anyway thank you again for your response, and it would be interesting to read others' opinion on what might have happened.
 
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peakoil

Well-known member
257 38
Aha... it's now very very interesting that seti2 has suddenly deleted his last post - the one I responded to within the past half an hour.

So... if I am on the right track, I am indeed not at all as outraged with GFT as I was before.
 
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seti2

Junior member
26 1
not like what you think

Aha... it's now very very interesting that seti2 has suddenly deleted his last post - the one I responded to within the past half an hour.

So... if I am on the right track, I am indeed not at all as outraged with GFT as I was before.
i didn't delete because of you but i feel i disclose information where it should be only for me and if you know how to delete all my comments and this thread as well please mention to me because i'm on the this website i couldn't see any way to edit or remove this thread even i'm who i wrote it
 

neil

Legendary member
5,167 748
Aha... it's now very very interesting that seti2 has suddenly deleted his last post - the one I responded to within the past half an hour.

So... if I am on the right track, I am indeed not at all as outraged with GFT as I was before.

I think you have wrecked a subtle attempt to fool people into buying the OP's magic winning system that is so good that SB companies will close your account.
lol:LOL:
 
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peakoil

Well-known member
257 38
LOL Neil, what a shame I ruined such a wondrous new fangled system indeed!!!

@seti2 - fair enough, methinks you're right to want to delete all your above posts now, and I am sure you've realised that taking a bite at GFT without giving all the *most relevant* info was... (...you know the rest!)

Anyway, You could always delete each of your posts or ask a moderator for help.

Lastly please be careful being too clever with the spreadbetters (if you do ever open a new account with any) - because most of them have, in truth, been playing a fair game with people recently, letting people win fair and square, as most of us know too well, when clients are not trying to scalp them for all they're worth etc. Hence I took on the "casino" comment too.
 

gerryg

Established member
900 7
Binary companies associated with higher risk and it is not unusual to be scammed there.
 
 
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